Salzhauer Michael decreased its stake in shares of Capital One Financial Corp. (NYSE:COF) by 1.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 73,587 shares of the financial services provider’s stock after selling 1,000 shares during the period. Capital One Financial accounts for about 3.5% of Salzhauer Michael’s holdings, making the stock its 6th largest position. Salzhauer Michael’s holdings in Capital One Financial were worth $6,694,000 as of its most recent filing with the SEC.
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Several other hedge funds and other institutional investors also recently modified their holdings of COF. Nuveen Asset Management LLC grew its holdings in Capital One Financial by 5,895.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,445,232 shares of the financial services provider’s stock valued at $221,880,000 after buying an additional 2,404,445 shares during the last quarter. Invesco Ltd. grew its holdings in Capital One Financial by 73.9% in the 2nd quarter. Invesco Ltd. now owns 3,372,639 shares of the financial services provider’s stock valued at $306,034,000 after buying an additional 1,433,505 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Capital One Financial by 15.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,423,750 shares of the financial services provider’s stock valued at $401,410,000 after buying an additional 580,140 shares during the last quarter. Atalanta Sosnoff Capital LLC acquired a new stake in Capital One Financial in the 3rd quarter valued at approximately $34,796,000. Finally, Railway Pension Investments Ltd grew its holdings in Capital One Financial by 366.1% in the 3rd quarter. Railway Pension Investments Ltd now owns 469,109 shares of the financial services provider’s stock valued at $42,679,000 after buying an additional 368,474 shares during the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:COF traded down $0.04 during trading on Friday, hitting $97.26. 2,062,783 shares of the stock were exchanged, compared to its average volume of 2,329,336. Capital One Financial Corp. has a 1-year low of $69.90 and a 1-year high of $99.62. The company has a market capitalization of $45.31 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The company’s fifty day simple moving average is $91.41 and its 200-day simple moving average is $90.35. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.01 and a current ratio of 1.02.
Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $3.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.87 by $0.45. Capital One Financial had a return on equity of 10.40% and a net margin of 16.84%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter last year, the firm earned $3.12 EPS. Capital One Financial’s revenue for the quarter was up .0% compared to the same quarter last year. On average, research analysts forecast that Capital One Financial Corp. will post 11.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, November 8th. Capital One Financial’s payout ratio is presently 14.71%.
A number of analysts have issued reports on the company. BMO Capital Markets raised their target price on Capital One Financial from $141.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Morgan Stanley reaffirmed a “hold” rating and issued a $104.00 target price on shares of Capital One Financial in a report on Tuesday, October 29th. Citigroup lowered their target price on Capital One Financial from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. ValuEngine lowered Capital One Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research lowered Capital One Financial from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $104.87.
In related news, insider Timothy P. Golden sold 2,216 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $94.50, for a total transaction of $209,412.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bradford H. Warner sold 3,777 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $91.68, for a total value of $346,275.36. Following the transaction, the director now owns 43,207 shares of the company’s stock, valued at approximately $3,961,217.76. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by company insiders.
Capital One Financial Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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